SlideShare a Scribd company logo
1 of 1
Download to read offline
ination Saved Help Save A partnership has the following capital balances: Henry (60% of gains
Thomas (30%) Catherine (10%) losses) 82,080 100,000 145,000 and Anne is going to invest
$84,000 into the business to acquire a 30 percent ownership interest. Goodwill is to be recorded.
What will be Anne's beginning capital balance? Multiple Choice $140,143 $84,000 here to
search
Solution
ans is $ 140,143
A.Total capital of the new firm = (82000+100000+145000) x 1/0.7
= 327000 x 1/0.7
=$ 467,142
B.Total capital of old partners in old firm= 82000+100000+145000
= 327,000
C.New partners Beginning capital balance = A- B
= $ 140,143

More Related Content

More from mohammedfootwear

5. value 10.00 polnts On May 1, Soriano Co. reported the following ac.pdf
5. value 10.00 polnts On May 1, Soriano Co. reported the following ac.pdf5. value 10.00 polnts On May 1, Soriano Co. reported the following ac.pdf
5. value 10.00 polnts On May 1, Soriano Co. reported the following ac.pdf
mohammedfootwear
 
C programming. Answer question only in C code In the eighth part, yo.pdf
C programming. Answer question only in C code In the eighth part, yo.pdfC programming. Answer question only in C code In the eighth part, yo.pdf
C programming. Answer question only in C code In the eighth part, yo.pdf
mohammedfootwear
 
You will choose a country, other than the USA or Turkey, that you wo.pdf
You will choose a country, other than the USA or Turkey, that you wo.pdfYou will choose a country, other than the USA or Turkey, that you wo.pdf
You will choose a country, other than the USA or Turkey, that you wo.pdf
mohammedfootwear
 
What is the correct answer Chrome File Edit View History Bookmarks.pdf
What is the correct answer Chrome File Edit View History Bookmarks.pdfWhat is the correct answer Chrome File Edit View History Bookmarks.pdf
What is the correct answer Chrome File Edit View History Bookmarks.pdf
mohammedfootwear
 
Using SQL Developer ONLY!Your assignment is to create an auditing .pdf
Using SQL Developer ONLY!Your assignment is to create an auditing .pdfUsing SQL Developer ONLY!Your assignment is to create an auditing .pdf
Using SQL Developer ONLY!Your assignment is to create an auditing .pdf
mohammedfootwear
 
This for English class.I need help for writing 4 to 5 paragraphs a.pdf
This for English class.I need help for writing 4 to 5 paragraphs a.pdfThis for English class.I need help for writing 4 to 5 paragraphs a.pdf
This for English class.I need help for writing 4 to 5 paragraphs a.pdf
mohammedfootwear
 
The atmosphere in a Trident nuclear submarine is generally calm and .pdf
The atmosphere in a Trident nuclear submarine is generally calm and .pdfThe atmosphere in a Trident nuclear submarine is generally calm and .pdf
The atmosphere in a Trident nuclear submarine is generally calm and .pdf
mohammedfootwear
 
Please .pdf
Please .pdfPlease .pdf
Please .pdf
mohammedfootwear
 
PLEASE HELP ME !!IT IS Due Tonight ;(!i have to submit it before.pdf
PLEASE HELP ME !!IT IS Due Tonight ;(!i have to submit it before.pdfPLEASE HELP ME !!IT IS Due Tonight ;(!i have to submit it before.pdf
PLEASE HELP ME !!IT IS Due Tonight ;(!i have to submit it before.pdf
mohammedfootwear
 

More from mohammedfootwear (20)

5. value 10.00 polnts On May 1, Soriano Co. reported the following ac.pdf
5. value 10.00 polnts On May 1, Soriano Co. reported the following ac.pdf5. value 10.00 polnts On May 1, Soriano Co. reported the following ac.pdf
5. value 10.00 polnts On May 1, Soriano Co. reported the following ac.pdf
 
C programming. Answer question only in C code In the eighth part, yo.pdf
C programming. Answer question only in C code In the eighth part, yo.pdfC programming. Answer question only in C code In the eighth part, yo.pdf
C programming. Answer question only in C code In the eighth part, yo.pdf
 
Biology Lab questions1. Why can a very small amount of bacteria b.pdf
Biology Lab questions1. Why can a very small amount of bacteria b.pdfBiology Lab questions1. Why can a very small amount of bacteria b.pdf
Biology Lab questions1. Why can a very small amount of bacteria b.pdf
 
You will choose a country, other than the USA or Turkey, that you wo.pdf
You will choose a country, other than the USA or Turkey, that you wo.pdfYou will choose a country, other than the USA or Turkey, that you wo.pdf
You will choose a country, other than the USA or Turkey, that you wo.pdf
 
Why does the RNA polymerase complex in eukaryotes contain a histone .pdf
Why does the RNA polymerase complex in eukaryotes contain a histone .pdfWhy does the RNA polymerase complex in eukaryotes contain a histone .pdf
Why does the RNA polymerase complex in eukaryotes contain a histone .pdf
 
what Linux command allows you to scan the disk for partition changes.pdf
what Linux command allows you to scan the disk for partition changes.pdfwhat Linux command allows you to scan the disk for partition changes.pdf
what Linux command allows you to scan the disk for partition changes.pdf
 
What is the correct answer Chrome File Edit View History Bookmarks.pdf
What is the correct answer Chrome File Edit View History Bookmarks.pdfWhat is the correct answer Chrome File Edit View History Bookmarks.pdf
What is the correct answer Chrome File Edit View History Bookmarks.pdf
 
What is fault tolerance, and what network aspects must be monitored .pdf
What is fault tolerance, and what network aspects must be monitored .pdfWhat is fault tolerance, and what network aspects must be monitored .pdf
What is fault tolerance, and what network aspects must be monitored .pdf
 
Using SQL Developer ONLY!Your assignment is to create an auditing .pdf
Using SQL Developer ONLY!Your assignment is to create an auditing .pdfUsing SQL Developer ONLY!Your assignment is to create an auditing .pdf
Using SQL Developer ONLY!Your assignment is to create an auditing .pdf
 
Use the definition of big- Theta to prove that 5x^4 + 2x^3 - 1 is The.pdf
Use the definition of big- Theta to prove that 5x^4 + 2x^3 - 1 is The.pdfUse the definition of big- Theta to prove that 5x^4 + 2x^3 - 1 is The.pdf
Use the definition of big- Theta to prove that 5x^4 + 2x^3 - 1 is The.pdf
 
To what degree, if any, has America’s ascendancy on the world stage .pdf
To what degree, if any, has America’s ascendancy on the world stage .pdfTo what degree, if any, has America’s ascendancy on the world stage .pdf
To what degree, if any, has America’s ascendancy on the world stage .pdf
 
This for English class.I need help for writing 4 to 5 paragraphs a.pdf
This for English class.I need help for writing 4 to 5 paragraphs a.pdfThis for English class.I need help for writing 4 to 5 paragraphs a.pdf
This for English class.I need help for writing 4 to 5 paragraphs a.pdf
 
The debt ratio is the relationship between O A. total assets and cur.pdf
The debt ratio is the relationship between O A. total assets and cur.pdfThe debt ratio is the relationship between O A. total assets and cur.pdf
The debt ratio is the relationship between O A. total assets and cur.pdf
 
The atmosphere in a Trident nuclear submarine is generally calm and .pdf
The atmosphere in a Trident nuclear submarine is generally calm and .pdfThe atmosphere in a Trident nuclear submarine is generally calm and .pdf
The atmosphere in a Trident nuclear submarine is generally calm and .pdf
 
Question A woman has a particular disease and all of her children (.pdf
Question A woman has a particular disease and all of her children (.pdfQuestion A woman has a particular disease and all of her children (.pdf
Question A woman has a particular disease and all of her children (.pdf
 
Question 50 (1 point) occurs when savers money makes its way into the.pdf
Question 50 (1 point) occurs when savers money makes its way into the.pdfQuestion 50 (1 point) occurs when savers money makes its way into the.pdf
Question 50 (1 point) occurs when savers money makes its way into the.pdf
 
Name the Three Kings of the Chicago-Memphis Electric Blues in ch.pdf
Name the Three Kings of the Chicago-Memphis Electric Blues in ch.pdfName the Three Kings of the Chicago-Memphis Electric Blues in ch.pdf
Name the Three Kings of the Chicago-Memphis Electric Blues in ch.pdf
 
Please .pdf
Please .pdfPlease .pdf
Please .pdf
 
number 4 1.4 Ordered Pairs The elements of be able to speak about.pdf
number 4 1.4 Ordered Pairs The elements of be able to speak about.pdfnumber 4 1.4 Ordered Pairs The elements of be able to speak about.pdf
number 4 1.4 Ordered Pairs The elements of be able to speak about.pdf
 
PLEASE HELP ME !!IT IS Due Tonight ;(!i have to submit it before.pdf
PLEASE HELP ME !!IT IS Due Tonight ;(!i have to submit it before.pdfPLEASE HELP ME !!IT IS Due Tonight ;(!i have to submit it before.pdf
PLEASE HELP ME !!IT IS Due Tonight ;(!i have to submit it before.pdf
 

Recently uploaded

SPLICE Working Group: Reusable Code Examples
SPLICE Working Group:Reusable Code ExamplesSPLICE Working Group:Reusable Code Examples
SPLICE Working Group: Reusable Code Examples
Peter Brusilovsky
 
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
EADTU
 
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
中 央社
 

Recently uploaded (20)

VAMOS CUIDAR DO NOSSO PLANETA! .
VAMOS CUIDAR DO NOSSO PLANETA!                    .VAMOS CUIDAR DO NOSSO PLANETA!                    .
VAMOS CUIDAR DO NOSSO PLANETA! .
 
Spring gala 2024 photo slideshow - Celebrating School-Community Partnerships
Spring gala 2024 photo slideshow - Celebrating School-Community PartnershipsSpring gala 2024 photo slideshow - Celebrating School-Community Partnerships
Spring gala 2024 photo slideshow - Celebrating School-Community Partnerships
 
e-Sealing at EADTU by Kamakshi Rajagopal
e-Sealing at EADTU by Kamakshi Rajagopale-Sealing at EADTU by Kamakshi Rajagopal
e-Sealing at EADTU by Kamakshi Rajagopal
 
Đề tieng anh thpt 2024 danh cho cac ban hoc sinh
Đề tieng anh thpt 2024 danh cho cac ban hoc sinhĐề tieng anh thpt 2024 danh cho cac ban hoc sinh
Đề tieng anh thpt 2024 danh cho cac ban hoc sinh
 
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
 
When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...
 
SPLICE Working Group: Reusable Code Examples
SPLICE Working Group:Reusable Code ExamplesSPLICE Working Group:Reusable Code Examples
SPLICE Working Group: Reusable Code Examples
 
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading RoomSternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
 
Trauma-Informed Leadership - Five Practical Principles
Trauma-Informed Leadership - Five Practical PrinciplesTrauma-Informed Leadership - Five Practical Principles
Trauma-Informed Leadership - Five Practical Principles
 
Mattingly "AI & Prompt Design: Named Entity Recognition"
Mattingly "AI & Prompt Design: Named Entity Recognition"Mattingly "AI & Prompt Design: Named Entity Recognition"
Mattingly "AI & Prompt Design: Named Entity Recognition"
 
The Story of Village Palampur Class 9 Free Study Material PDF
The Story of Village Palampur Class 9 Free Study Material PDFThe Story of Village Palampur Class 9 Free Study Material PDF
The Story of Village Palampur Class 9 Free Study Material PDF
 
ANTI PARKISON DRUGS.pptx
ANTI         PARKISON          DRUGS.pptxANTI         PARKISON          DRUGS.pptx
ANTI PARKISON DRUGS.pptx
 
DEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUM
DEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUMDEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUM
DEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUM
 
Supporting Newcomer Multilingual Learners
Supporting Newcomer  Multilingual LearnersSupporting Newcomer  Multilingual Learners
Supporting Newcomer Multilingual Learners
 
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
 
Stl Algorithms in C++ jjjjjjjjjjjjjjjjjj
Stl Algorithms in C++ jjjjjjjjjjjjjjjjjjStl Algorithms in C++ jjjjjjjjjjjjjjjjjj
Stl Algorithms in C++ jjjjjjjjjjjjjjjjjj
 
Graduate Outcomes Presentation Slides - English (v3).pptx
Graduate Outcomes Presentation Slides - English (v3).pptxGraduate Outcomes Presentation Slides - English (v3).pptx
Graduate Outcomes Presentation Slides - English (v3).pptx
 
Andreas Schleicher presents at the launch of What does child empowerment mean...
Andreas Schleicher presents at the launch of What does child empowerment mean...Andreas Schleicher presents at the launch of What does child empowerment mean...
Andreas Schleicher presents at the launch of What does child empowerment mean...
 
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
 
OSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & SystemsOSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & Systems
 

ination Saved Help Save A partnership has the following capital bal.pdf

  • 1. ination Saved Help Save A partnership has the following capital balances: Henry (60% of gains Thomas (30%) Catherine (10%) losses) 82,080 100,000 145,000 and Anne is going to invest $84,000 into the business to acquire a 30 percent ownership interest. Goodwill is to be recorded. What will be Anne's beginning capital balance? Multiple Choice $140,143 $84,000 here to search Solution ans is $ 140,143 A.Total capital of the new firm = (82000+100000+145000) x 1/0.7 = 327000 x 1/0.7 =$ 467,142 B.Total capital of old partners in old firm= 82000+100000+145000 = 327,000 C.New partners Beginning capital balance = A- B = $ 140,143